Ethereum ETFs Break Record With $332 Million Inflows

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As a seasoned crypto investor with a knack for spotting trends and a portfolio that mirrors the crypto market’s volatility, I can’t help but feel a surge of excitement as I witness Ethereum ETFs outperforming Bitcoin ETFs in net flows for the first time ever. With over two decades of experience in the tech industry under my belt, I’ve learned to trust the data and follow the trends that matter.

On Friday, Ethereum ETFs outperformed Bitcoin ETFs in net flows for the first time ever.

Based on the data from Farside, there was a total of $332 million invested into Ethereum ETFs on November 29th.

Bitcoin ETFs, on the other hand, have shown net inflows of only $320 million on the same date.

This marks a significant milestone for the Ethereum adoption by institutional investors.

The profitability of Ethereum (ETH) has spiked to heights last observed in June, as revealed by IntoTheBlock’s data, with a whopping 90.8% of ETH holders currently benefiting from their investment.

The cost of Ethereum (ETH) skyrocketed significantly, reaching over $3,660. Currently, as we speak, the Ethereum price stands at $3,688, showing a slight decrease.

Ethereum price prediction

The $3,800 resistance level is crucial for the ETH price. If breached, Ethereum could test $4,000, potentially triggering significant short liquidations that might fuel further gains.

As Ethereum nears $4,000, increased volatility boosts the chance of a significant price compression. This surge might elevate ETH even further, but unpredictable market responses to liquidation thresholds could cause drastic fluctuations, emphasizing the importance of caution.

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2024-11-30 15:26